Page 755 - Company News

Titan launches first retail outlet for premium sunglasses in Bengaluru

The company estimates the Indian Premium Sunglasses market is Rs 800 crore with a projected CAGR of 10%

UltraTech picks up 23% in India Cements as sector battle hots up

Aditya Birla Group-owned UltraTech Cement to purchase 70.6 mn shares for non-controlling financial investment

Flipkart sellers facing issue in changing price, firms denies intervention

When contacted, a Flipkart spokesperson said that it is in compliance with all FDI regulations and does not influence pricing

Fairfax India Holdings unit sells 9.7% stake in CSB Bank for $70 million

FIH Mauritius Investments is also the promoter of Thrissur-based CSB Bank

Vraj Iron and Steel's Rs 171 cr IPO subscribed 16.9 times on Day 2 of offer

The initial share sale received bids for 10,37,65,824 shares against 61,38,462 shares on offer, as per NSE data

BHEL bags Rs 13,300 crore order to set up 1600 MW-thermal power project

With this investment, which would also have a substantial impact on the local economy and benefit people, the installed thermal generation capacity of DVC would go up to 8140 MW by 2030

Earnings boost for Dr Reddy's Lab post consumer healthcare acquisition

In India, DRL has an OTC portfolio in the hydration, cough-cold-allergy, and skin care categories

Infosys, CEO Parekh settle insider trading matter with Sebi; pay Rs 25 lakh

Matter pertains to 2020-21 when IT major entered into a partnership with global asset manager Vanguard

Foxconn employment row: Trade unions gather info on recruitment exercise

According to employee trade union sources, they would decide on the next course of action after studying the staff recruitment process

RBL Bank to raise Rs 6,500 cr through combination of QIP, debt issue

The bank will raise Rs 3,500 crore through QIP and Rs 3,000 crore through issue of debt securities via private placement, according to an exchange filing

Liquor company Som challenges license suspension in child labour case

The agency also released photos of children's hands it said showed burns due to contact with chemicals, and said some of the children were transported to the factory in school buses

New product launches may continue to fuel GSK Pharma's robust growth

GSK Pharma's recent good showing is on expectations that launches in the specialty segment, increasing investments in promotions and branding

Raymond shareholders approve reappointment of Gautam Singhania as MD

The shareholders of the company at their Annual General Meeting held on June 27 have approved the re-appointment of Singhania

25% of new hires married women; nearly 70% of workforce ladies: Foxconn

The Foxconn factory currently has about 70 per cent women and 30 per cent men and the Tamil Nadu plant is the largest factory for women employment in the country

JSW Infra buys 70.4% stake in logistics firm Navkar Corp for Rs 1,013 cr

An open offer will be made to the rest of the shareholders of Navkar Corporation which will cost around Rs 412.17 cr

Karnataka HC reserves order on edtech firm Byju's second rights issue

Byju's is currently restricted from issuing shares and using funds raised from a $200 million rights issue until the tribunal decides the matter

Adani Group announces merger, ownership restructuring for its cement assets

Adani Cementation to be merged with Ambuja while Adani Cement Industries will become a wholly-owned subsidiary of Ambuja Cements

Oppo claims Byju's owes Rs 13 crore, NCLT designates July 3 as 'Byju Day'

The tribunal, meanwhile, has designated July 3 as 'Byju Day' as nearly 10 petitions are expected to be heard that day against the edtech firm

CCI rejects plea accusing Google of sharing contact data with Truecaller

The anti-trust regulator said that it found no evidence of violation of competition law in the case

Surprisingly large mid-band spectrum purchase to boost Vi's 4G: Analysts

Latest spectrum won't change sector dynamics, eyes on tariff action, they say